Check out this view! Azalea Ridge's Freedom 55+ gated community! Built in 2019, this 3-bedroom, 2-bath home sits on a spacious half-acre lot that's beautifully maintained by the HOA, so you can enjoy the privacy and open feel without the upkeep. The home backs up to peaceful water and preserve views, giving you a daily dose of nature right from your windows. Inside, you'll find an open floor plan with plenty of natural light, connecting the living, dining, and kitchen areas seamlessly. A flex room with French doors makes a great office, hobby space, or extra bedroom. Upgrades include shed, wood-look tile in the main areas, durable, commercial grade vinyl flooring in the bedrooms, a large walk-in shower with a bench in the primary bath, and a laundry room with cabinets for extra storage. The sunroom is the perfect spot to relax year-round, soaking in the views and natural light. This home blends comfort, style, and convenience in a welcoming community designed for enjoying life. Home Features Include: water softener whole house gutters extended patio pavers arbor for swing stone bench 10x12 shed preserve/pond view 1/2-acre lot 9.2x22 Sunroom Partial Fence Wood look tile in wet & living areas Commercial grade glue down waterproof luxury Vinyl in bedrooms 42 inch cabinets with pulls cabinets in laundry room with W/D Refrigerator Kitchen 2- walk in tile showers primary with bench seat Turner pest/ termite bond Ring door bell Vivint Security with camera in front and back flex room with French doors Extra insulation in the garage walls, bedroom and Porch HOA maintained lawn Amenity Center director: pool, bocce ball court and dog park. Plus Access to the main Azalea Ridge Amenities
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
Data provided is deemed reliable but is not guaranteed. The data relating to real estate for sale on this website comes in part from the Northeast Florida Multiple Listing Service, Inc. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2025 Northeast Florida Multiple Listing Service, Inc. All Rights Reserved.
